The NY Times reports that Six Apart is selling LiveJournal.
The owner of LiveJournal, a blogging and social-networking site, agreed yesterday to sell the company to SUP, a Russian online media company, in the latest example of deal-making in the social-networking sector.
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Not sure about importancy of LJ for russian speaking community now but a couple of years ago it was growing very fast. I think now a huge part of russian speaking LJ users and newcoming internet users rushing to use a brand new services on russian internet scene such as vkontakte.ru (facebook clone) and odnoklassniki.ru.